Both Coursera and Udacity are for-profit businesses, and both have yet to reveal (or decide) how they want to make that profit. Many current for-profit providers of education are not particularly well respected (University of Phoenix, Kaplan, etc). Some non-profit universities are understandable a little hesitant to work with Coursera and Udacity without a better understanding of how exactly they propose to make money (both have many suggestions, but nothing concrete as of yet).
This cynicism is one reason why some universities have decided to "go it alone" (MIT/Harvard/Berkeley being the most notable with edX).
To be clear, I'm not saying this is my viewpoint: I think very highly of both Coursera and Udacity. I just wanted to point out that some of the cynicism stems not from the idea of open access to teaching and knowledge, but from the worries over working with for-profit companies to achieve that aim.
And, personally, I'm very grateful to them for hosting such excellent free courses at the moment - the quality has generally been pretty high on the ones I've done, and the format is excellent. If they start making money off it, good for them.
Edit: This would be particularly useful if the certifications were convertible into course credit at participating universities.
However, the weekly quizzes offer a great learning experience. After watching the lectures for a week, keep taking the quiz over and over again until you really understand the material. Each time you take a quiz you get (mostly) different questions.
For some of the classes you also get a lot of additional material in the homework assignments.